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Author Topic: What have you been doing with your Bitcoin in light of the price drop?  (Read 3869 times)
zedicus
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August 19, 2014, 10:47:34 PM
 #21

Buying and spending. Just like when the price is up.  Wink
When it's down I do a little more buying than spending. When the price rises I do a bit more spending. Basically everything I buy, I buy at a discount.
I would hope that the drop in price would somewhat encourage people to spend some of their coins. I think one problem that the bitcoin related economy has is the fact that there are too many people hording coins. I would argue that this is preventing merchant adoption from expanding faster then it is because even though accepting bitcoin is very cost efficient, less people spend it then there really should be.

 
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Cryptopher
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August 19, 2014, 10:47:51 PM
 #22

I'm only holding a very small portion of BTC (0.2 BTC) at present<snip>
Although the price plummeted, I feel you are like a dare devil!
Good luck.

I'm comfortable at the moment. I place speculative buy orders, which means that I always win if they fill.

However, on the flip side, if the price rockets then I'm behind the game. I've been pretty out of touch with recent goings on, so this price drop seems out of the blue to me.

My biggest concern is the security and intention of certain exchanges.

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LiteCoinGuy
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August 19, 2014, 10:58:57 PM
 #23

sold all BTC and bought ripple  Tongue

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August 19, 2014, 11:11:37 PM
 #24

I'm not doing anything with my coins, I'm buying cheap coins slowly them when it hits 350$ I'll buy 2-5 coins and watch it go up, hopefully

counter
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August 20, 2014, 02:28:44 AM
 #25

A mix of holding and trading alts profits at the moment.  I"m not really liking it so much right now because it is hard to decide which coin will bounce back and when.  I want to add the the overall amount of Bitcoins I hold and other alts I believe have potential.  I'm trying to do better at what I tell myself is low risk speculating.  In reality it is probably more "calculated gambling".
Beliathon
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August 20, 2014, 02:33:53 AM
 #26

I sold 0.1 BTC to help pay my (overpriced) electricity bill this month. It's all my fault!

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August 20, 2014, 02:48:43 AM
 #27

When bitcoin prices fall I sell because it is worth less.

When it goes back up I buy because it is worth more Cheesy .I am 100% sure people do this

johnyj
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August 20, 2014, 07:56:16 AM
 #28

On sale, bargain hunting 

seriouscoin
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August 20, 2014, 08:53:27 AM
 #29

Buying and spending. Just like when the price is up.  Wink
When it's down I do a little more buying than spending. When the price rises I do a bit more spending. Basically everything I buy, I buy at a discount.
I would hope that the drop in price would somewhat encourage people to spend some of their coins. I think one problem that the bitcoin related economy has is the fact that there are too many people hording coins. I would argue that this is preventing merchant adoption from expanding faster then it is because even though accepting bitcoin is very cost efficient, less people spend it then there really should be.

Holyshit, the stupidity coming out of your mouth.

Spending btc is just like selling btc on the exchange because all merchants are using gateways such as bitpay or coinbase. If the price drops, that means theres MORE selling than buying.

Dogtanian
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August 20, 2014, 09:27:44 AM
 #30

I've been doing nothing the same I always do. Once you've been in bitcoin a while thre crashes and bounce backs are normal. Sure, I got worried the first time it happened but now I just carry on and my hope is for what bitcoin will be worth in the near future, not today or tomorrow or even later this year.
wordman267645
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August 20, 2014, 09:39:14 AM
 #31

want to saving and spending when the price is up..
SunBin
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August 20, 2014, 10:24:56 AM
 #32

I am guessing many speculators are playing catch the falling knife.

Many will probably end up in full bloody hand.
NWO
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August 20, 2014, 10:44:23 AM
 #33

Diversifying into alts
fryarminer
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August 20, 2014, 12:11:59 PM
 #34

When bitcoin prices fall I sell because it is worth less.

When it goes back up I buy because it is worth more Cheesy .I am 100% sure people do this




HAHAHAHAHA!!!!
boraf
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August 20, 2014, 12:14:16 PM
 #35

When bitcoin prices fall I sell because it is worth less.

When it goes back up I buy because it is worth more Cheesy .I am 100% sure people do this



Should do opposite and buy low sell high.

ljudotina
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August 20, 2014, 12:18:39 PM
 #36

Like always, spending, earning and trading. Things didint change for me at all.

yakuza699
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August 20, 2014, 12:30:34 PM
 #37

When bitcoin prices fall I sell because it is worth less.

When it goes back up I buy because it is worth more Cheesy .I am 100% sure people do this


This is the kind of people we need. When the price drops their are selling their btc cheap and when the price goes up they buy the coins and pump the price even more.
P.S. I know that you don't do it.

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August 20, 2014, 12:39:03 PM
 #38

As I earn, I spend.  Smiley

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August 20, 2014, 12:43:13 PM
 #39

I am buying more and more of Bitcoins and hoarding them.
Its a good long term investment Smiley

I expect to earn atleast 200$ per coin/
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August 20, 2014, 12:47:41 PM
Last edit: August 20, 2014, 01:36:46 PM by desired_username
 #40

Price swings do not affect my long term holdings.

I think there are still users who remember the dramatic crashes from ~$31 and ~$260 and the following "depressions".

Also, intraday volatility was a lot worse before 2013.
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